BRIGHT SOLAR LIMITED

WWW.BRIGHTSOLAR.IN
 BRIGHT SOLAR LIMITED

COMPANY OVERVIEW
8+ Years of Proven Record
 OUR PRODUCTS

BRIGHT SOLAR WATER PUMPING SYSTEM ASSEMBLING

AC / DC & EPC PROJECTS BRIGHT SOLAR AC SUBMERSIBLE

PUMP SET

PUMPMAN DC SOLAR SUBMERSIBLE SOLAR PUMPING

PUMP SET CONTROLLER - INVERTER

 OUR STRENGTHS

Quality

Timely completion Assurance

of projects

Long ter m Relationship

with the Clients

Experienced Managem ent

& Promoter &having

order book of Rs. 9781.91 Lakhs

 VISION & MISSION
At Bright Solar our efforts, innovations, technology and R&D are ai m ed at providing our
customers o p t i m u m satisfaction through our produc ts an d services. Besides being
c om m i t te d to delivering on ti m e a nd extending effective service to our clients, we maintai n
high quality standards. Empathy trumps sympathy, hence we focus on put ting ourselves into
our customer’s shoes to first understand wh at their exact requirements are before designing
cus tom solutions for their problems. A satisfied custom er is a singular boost for our motivation
to push ourselves even more! A world in which renewable energy improves the quality of life, is
our world. Harnessing the inexhaustible power of the sun to generat e electricity is how w e
believe in shaping the present and the future of the world’s energy supply.

To work relentlessly towards c om i ng closer to our vision statement by offering best working
environment and training focusing on integrity an d ethics. To em power the workforce t o offer
products an d services t h a t exceeds cus tomer expectations by providing value for m one y a nd
ensure handsome return t o our employees an d shareholders. To creat e a safe workplace b y
reducing injuries, accidents and environmental i m p a c t for current and future generations.
 OUR STRATEGY

3
Improve Performance Our c o m p a n y is
& Enhance Returns
1 process of setting
from Our Core Business up Solar Modules
manufacturing unit

4
Optimal Utilization
of Resources
Vast Experience of m o r e
than Eight (8) years
2
& endeavoring new verticals 5
To Build-up a Professional
Organization
 OUR CERTIFICATIONS

CE Registration OHSAS 18001:2007 ISO 14001:2015 ISO 9001:2015

NSIC GERMI
CE Registration

Udyog Aadhaar

SSI
 ABOUT US
Bright Solar is a t the crest of the innovative wave in solar-powered water pum pi ng mechanisms. Since
it’s inception in the year 2010, Bright Solar (CIN: U51103GJ2010PLC060377 ) has been a front-runner in

developing, m anuf actu rin g a n d selling high quality products that run on the clean an d cost-

friendly solar energy. Bright Solar boasts of a n internal line-up for all the sections of product

m anufacturing

–from mechanical, electronic to software designing. The incorporation of cutting edge technology

prom otes a clean an d sustainable lifestyle and supports the requirements of an eco-friendly

environment. Our solar products are custom designed by our t e am of experts to m eet the needs of

our clients. For over half a d e c a d e our skilled a n d d edicated staff has m aintained the highest

standards in maintaining high quality a n d stringent timelines during product manufacture. Every

product undergoes a distinctive, concentrated functional test schedule to ensure that these high

standards are adh ered to. Bright Solar wa t e r -p um ps serve as a sustainable energy solution for

Drinking W ater – for a healthy life ; Irrigational W ater – for nurturing a n d Requiescence Water – for

leisure times in pool to n am e a few. Our products are designed to be efficient, reliable an d simple to

service ensuring th at they are m aintain high functionality in off-grid, rural a n d often hostile
 BRIGHT SOLAR LIMITED

MANAGEMENT OVERVIEW
8 Years of Proven Record
 OUR PROMOTERS

MR.PIYUSHKUMARTHUMAR (Cum Chairm an & Managing Director )

Mr. Piyushkumar Thumar, aged 37 years is a Promoter Cum Chairman and Managing Director of the

Com p a n y a n d has the distinction of leading the Company. He has a Professional Experience of

More t ha n 15 Years in International Trade, Road Construction equipm ent spare parts deals, Solar

Energy systems a n d projects. He has been awarded, Certificate of Com pet ence by the Gujarat

Energy Research a n d Ma n a g em ent Institute for dem onstrating fundam ent al level of c ompet enc e in

technical a n d m a n a g e m e n t aspects of the Solar Photovoltaic Technology by com pleting the four day

course as a part of the Solar Technical Workshop. He too has vast experiences in the analysis of rates,

preparing of variation order, bill of quantities, an d in planning of Solar projects. Apart from his hands

on experience of implementing solar energy projects both big an d small, he is advising National

a n d Multinational Companies a n d has been m entoring start-ups in solar sector.

 BRIGHT SOLAR LIMITED

FINANCE OVERVIEW
Strong financial performance over the period
 FINANCIAL PERFORMANCE

TOTAL REVENUE PROFIT AFTER TAX

(RS. IN LAKHS) (RS. IN LAKHS)

6000 600
5000 500

534.59
4000 400
3000 300
2500 250
2827.2

2000 200
6
4784.25

1500 150

196.8
1812.9

70.5

171
1547.0

.11
3
7
1000 100
9
6

0 0
Mar 2015

Mar 2015
Mar 2016

Mar 2016
Mar 2017

Mar 2017
Jan 2018

Jan 2018
 BALANCE SHEET (RS.INLAKHS)

PARTICULARS Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Jan 2018

Share Ca p i t a l 150.00 150.00 150.00 106.00 25.00 10.00

Reserves & Surplus 1403.29 868.70 715.59 305.99 96.52 41.06
Non Cu r r e n t Liabilities 24.39 67.29 82.77 470.17 71.89 548.65
Short Term Borrowing 164.82 246.35 250.96 145.80 0.00 0.00
Trade Payable 3652.05 1150.34 464.10 2578.60 197.28 1271.41
Other Cu r r e n t Liabilities 19.56 630.29 408.29 172.53 398.86 86.42
Short Term Provision 159.25 196.52 140.60 113.25 29.27 20.95
TOTAL LIABILITIES 5573.36 3309.49 2212.31 3892.34 818.82 1978.49
Fixed Assets 8.78 14.09 20.48 26.81 39.03 14.16
Cu r r e n t I n ve st me n t 0.00 0.00 0.00 0.00 15.00 15.00
Non - Cu r r e n t I n ve st me n t s 105.88 85.46 85.46 12.50 11.00 0.00
Deferred Tax Assets (Net) 2.70 2.61 2.17 1.30 (0.04) (0.20)
Long Term Loans & Ad va n ce s 421.38 37.11 0.00 0.00 0.00 0.00
Other Non Cu r r e n t Assets 0.00 0.00 87.63 0.00 0.00 0.00
Deposits 0.00 4.42 10.35 53.66 10.22 37.98
Inventories 1032..38 0.00 83.47 104.30 55.87 313.17
Trade Receivables 3298.96 1483.72 486.16 3574.71 579.75 1337.76
Ca sh & Ca sh Equivalents 89.72 242.56 255.32 81.70 80.34 56.18
Short Term Loans& Ad v a n c e s 360.12 1438.71 1268.90 35.93 27.61 204.36
Other Cu r r e n t Asset 253.44 0.00 0.00 1.43 0.04 0.08
TOTAL ASSETS 5573.36 3309.49 2212.31 3892.34 818.82 1978.49
 PROFIT & LOSSSTATEMENT (RS.INLAKHS)

PARTICULARS Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Jan 2018

Revenue f r o m O p e r a tio n s 2155.45 2817.57 4779.29 1503.42 1802.75 2803.46

Less: Excise Duty 0.00 0.00 0.00 0.00 0.00 0.00
Other I n c o me 84.48 28.56 4.96 43.64 10.24 23.80
TOTAL INCOME (I) 2239.93 2846.13 4784.25 1547.06 1812.99 2827.26
Cost o f G o o d s C o n s u me d 2005.32 2378.62 4323.59 1265.45 1419.66 2015.66
Purchase o f Stock-in –Trade 0.00 0.00 0.00 0.00 0.00 0.00
C h a n g e in Inventories 51.86 173.95 0.00 0.00 0.00 0.00
Employee Benefit Expenses 45.98 73.29 45.93 18.60 4.35 22.56
Finance Cost 0.75 2.13 27.64 59.57 52.77 30.47
De p r e ci a tio n & Amo r t i za t ion Exp. 0.58 7.73 10.54 7.83 5.58 3.25
Other Expenses 84.69 136.28 78.96 90.94 74.96 18.19
TOTALEXPENSES (II) 2189.18 2772.00 4486.67 1442.39 1557.32 2090.14
Profit Before Tax 50.75 74.13 297.52 104.67 255.67 737.12
Profit / (Loss) o n sale o f fixed assets 0.00 0.00 (0.06) 0.00 0.00 0.88
Profit / (Loss) b e f o r e t a x 50.75 74.13 297.52 104.67 255.67 738.00
Tax Expense for Cu r r e n t Year 12.50 20.00 102.00 35.00 85.00 203.50
Deferred Tax 0.23 (0.16) (1.35) (0.87) (0.44) (0.09)
Net C u r r e n t Tax 6 ( a ) t o 6 © 12.73 19.84 100.65 34.13 84.56 203.41
Profit After Tax 38.02 54.29 196.87 70.53 171.11 534.59
 BRIGHT SOLAR LIMITED

INDUSTRY OVERVIEW
Very g o o d growth potential for Speciality Chemical Industry
 INDUSTRY OVERVIEW

Specialty chemicals market has From April 2000 to September 2016,

is expected to rise by 9.43% f rom total FDI inflows into the Indian

FY14 to reach USD 90 billion by chemicals industry (excluding

fertilisers) were USD 12.43billion.
Fy23.

PENDING
100%FDI is permissible in the Indian India is currently the world’s 3r d largest

chemicals sector & m os t of the consumer of polymers a n d growth in

chemical products m anuf act uring plastic d e m a n d will drive up

process is de-licensed consumption further in the coming

times.
 BRIGHT SOLAR LIMITED

PEERCOMPARISON
Benefit to Investors a t Attractive Valuation
 PEERCOMPARISON
NAME OFTHECOMPANY EPS(Rs.) PRRatio RONW(%) NAV (Rs.) Face Value

Bright Solar Limited* - - - - -

As a t March 31,2017 1.14 31.58 16.80 6.79 10
Peer Group - - - - -
Urja Global Limited^ 0.02 288.78 0.84 2.41 1
Shakti Pumps (India) Limited 11.71 55.34 9.62 120.60 10

The EPS, P/E Ratio a n d NAV are taken after considering the Bonus Issue of 1,35,00,000 Equity Shares m a d e by

the C o m pany on February 14,2018.

@ Current Market Price (CMP) is taken as the closing price of respective scripts as on April 6, 2018 a t BSE

Limited. For our Company, we hav e taken the issue price of equity share.

^ The Figures as a t March 31,2017a n d are taken f r o m the Annual Report 2016-17filled with BSELimited.
 BRIGHT SOLAR LIMITED

OFFER DETAILS
IPO on NSEEMERGE
 ISSUEDETAILS
PARTICULARS DETAILS

Issuer : BRIGHT SOLAR LIMITED

Offer Type : Initial Public Offering

Price Per Share : Rs.61/- Per Equity Share (Including a Share Premium of Rs.51/- per Equity Share)

M inimum Lot Size : 2,000 Equity Share a n d Multiples thereof

PENDING
Issue Size : 26,96,000 Equity Shares of Face Value of Rs.10/- e a c h for Cash a t a Price of Rs.61/-

Per Equity Share (Including a Share Premium of Rs.51/- per Equity Share)

aggregat ing t o Rs.1644.56Lacs

Stock Exchange : NSE EMERGE

IssueStructure : Non Retail Portion - - - 12,80,000Equity Shares

Retail Portion - - - 12,80,000 Equity Shares

Market Maker Portion —1,36,000Equity Shares

Lead Manager : SWASTIKA INVESTMART LIMITED

Registrar Issue : ALANKIT ASSIGNMENTSLIMITED

 ISSUE OBJECTIVES

Setting Up Manufacturing

Unit at Kolkata

Rs. 977.71 Lakhs (59.45%)

Chennai Manufacturing

PENDING
Unit Expansion

Rs. 172.53 Lakhs (10.49%)

General Corporate

Purpose

Rs. 397.36 Lakhs (24.16%)

Issue Related Expenses

Rs. 96.97 Lakhs (5.90%)

 DISCLAIMER
The C o m p a ny is proposing, subject to market conditions publ i c issue of its equity shares a nd has filed its Prospectus wi th the
National Stock Exchange of India. The Prospectus is available o n the website of Lead Ma nager a t www.guinessonline.net,

website of NSE a t www.nseindia.com in website of issuer c o m p a n y a t www.bajajsuperpackindia.com. The i nformati on is given

in g o o d faith a nd we m ak e no representations or warranties, express or implied, as to the a c c ur a c y or compl eteness of the

i nformation a nd shall have no liability to you or your representatives arising f r o m use of this information. The Issuer, havi ng

m a d e all reasonable inquiries confi rms that Prospectus contai ns all i nformation wi th regard to the Issuer a nd Issue a nd that

PENDING
the i nformation is true a nd correct in all materi al aspects a nd is not mi sl eading in any materi al respect. Investments in equity

a nd equi ty -related securities involve a degree of risk a nd investors should not invest any funds in this Issue unless they c a n

afford to take the risk of losing their investment. Investors are advised to read the risk factors carefully before taking a n

i nvestment decision in this Issue a nd must rely on their o w n exami nati on of the Issuer a nd this Issue, including the risks
involved. This adverti sement/ press release does not constitute or f o rm part of any offer or invitation to sell or issue, or any

solicitation of a ny offer to purchase or subscribe for, any equity shares, nor shall it or any p art of it nor the fa ct of its distribution

f o r m the basis of, or be relied on in connecti on with, any contract or i nvestment decision. You are advised to carefully read the

entire offer d o c um e nt including all the risk factors menti one d in the offer d o c um e nt issued by the Issuer before maki ng any
i nvestment decisions. Neither Guiness Corporate Advisors Private Limited nor a ny of its affiliates, gro up companies, directors,

employees, age nts or representatives shall be liable for any d a m a g e s whether direct indirect special or consequential

including lost revenue or lost profits that m a y arise f r o m or in connecti on wi th the use of the information.
 THANK YOU
BRIGHT SOLAR LIMITED
REGISTERED OFFICE: C-1103, TITANIUM SQUARE, THALTEJ CIRCLE, S G HIGHWAY,

THALTEJ, AHMEDABAD – 380 059, GUJARAT

PHONE: +91 – 79 – 4892 6868

E-MAIL: COMPLIANCE@BAJAJSUPERPACK.COM
WEB : WWW.BRIGHTSOLAR.IN

(COMPANY SECRETARY & COMPLIANCE OFFICER)

MR. SAHUL JOTANIYA